Used primarily in organic synthesis, it serves as an intermediate in the production of dyes and pigments, contributing to vibrant and stable colors in textiles and inks. In pharmaceuticals, it acts as a building block for developing active compounds, particularly in antimicrobial and antifungal agents. Additionally, it finds application in research as a reagent for studying protein interactions and modifications due to its ability to selectively modify amino acids. Its nitro and hydroxyl groups make it valuable in creating complex molecules for various industrial and scientific purposes.